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<DIV><FONT face=Arial size=4><IMG alt="MITCenter for Real Estate" hspace=0
src="cid:689441113@25042003-14ee" align=baseline border=0></FONT></DIV>
<DIV><FONT face=Arial size=4></FONT> </DIV>
<DIV align=center><SPAN class=689441113-25042003><EM><STRONG><FONT face=Arial
size=4></FONT></STRONG></EM></SPAN> </DIV>
<DIV align=center><SPAN class=689441113-25042003><EM><STRONG><FONT face=Arial
size=4>Interdisciplinary
o Innovative o
Industry Relevant o
International</FONT></STRONG></EM></SPAN></DIV>
<DIV align=center><SPAN class=689441113-25042003><STRONG><EM><FONT face=Arial
size=4></FONT></EM></STRONG></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><STRONG><EM><FONT face=Arial
size=4>Greetings!</FONT></EM></STRONG></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial size=4>Every
year is an exciting year at the Center for Real Estate and the State of the
Center presentations reflect that energy. David Geltner became Director of
the Center in July 2003 and he titled his State of Center, "Coming of
Age". The next year, Tony Ciochetti joined the Center as Chairman and
the State of the Center was called, "Turning the Corner". Over the last
year, we have gained tremendous momentum and personally, I would describe
our current efforts as "Spanning the Globe - Building the Future". I
encourage you to view the State of the Center webcast. It offers an
invigorating, insightful, and informative look into the Center and the real
estate industry.</FONT></SPAN></DIV>
<DIV align=left><FONT size=4><FONT face=Arial><SPAN
class=689441113-25042003></SPAN><SPAN
class=689441113-25042003></SPAN></FONT></FONT> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial size=4>Included
in this issue of the e-newsletter are the following:</FONT></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN> </DIV>
<UL>
<LI>
<DIV align=center><SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT color=#0000ff size=4><STRONG><FONT
face=Arial>Alumni/ae Reunion Weekend: 9/29/2005 to 10/1/2005
Links<BR></FONT></STRONG><A
href="http://web.mit.edu/CRE/events/events/arw05webcast.html"><FONT face=Arial
color=#000000 size=3>State</FONT></A><FONT face=Arial color=#000000> of the
Center and Research Webcast<BR></FONT><A
href="http://cre-mitrex.mit.edu/index.html"><FONT face=Arial
color=#000000>Industrial Sector Overview, Real Deal, and Entrepreneurship
Notes ==> VISIT MITREX!</FONT></A><FONT color=#000000
size=2><BR></FONT></FONT></SPAN></SPAN></SPAN></DIV>
<LI>
<DIV align=center><SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=2>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT size=3><FONT face=Arial><STRONG>Save the
Dates</STRONG>!<BR><BR></FONT><FONT face=Arial><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003>Munich FIRE,
10/14<BR></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN>One First REAL
DEAL,10/19 -- </FONT><A
href="https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=4073&groupID=189"><FONT
face=Arial>Register Today</FONT></A><FONT
face=Arial>!<BR></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><FONT face=Arial>MIT/CRE Open House, 10/24<BR>ULI
Fall Meeting MIT/CRE Panel,
11/3<BR><BR></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV></DIV>
<LI>
<DIV align=center>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial><STRONG>Jobs Posting URL</STRONG> (</FONT><A
href="http://web.mit.edu/cre/jobs/index.html"><FONT
face=Arial>http://web.mit.edu/cre/jobs/index.html</FONT></A><FONT
face=Arial>)</FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV></DIV>
<LI>
<DIV align=center>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial><STRONG>New on MITREX </STRONG>(</FONT><A
href="http://cre-mitrex.mit.edu/index.html"><FONT
face=Arial>http://cre-mitrex.mit.edu/index.html</FONT></A><FONT
face=Arial>)<BR>Alumni/ae Reunion Presentations<BR>AvalonBay
Presentation<BR>Class of 2005
Theses<BR></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV></DIV>
<LI>
<DIV align=center><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><FONT
face=Arial><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><STRONG>Reminders and Notices</STRONG>
</SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
style="FONT-FAMILY: 'Times New Roman'"><FONT size=4><SPAN
class=204292914-19072004></SPAN></FONT></SPAN></SPAN></SPAN></DIV></LI></UL></SPAN></FONT>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial size=4><STRONG>
<HR>
</STRONG></FONT></SPAN></DIV><SPAN class=689441113-25042003><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT size=2></FONT><FONT
size=2></FONT>
<DIV align=left><FONT face=Arial><BR></FONT></DIV><SPAN
class=689441113-25042003></SPAN>
<DIV align=left><FONT size=4>
<DIV><SPAN class=689441113-25042003><FONT size=4><FONT
face=Arial><STRONG>ALUMNI/AE REUNION WEEKEND </STRONG>(9/29 -
10/1)</FONT></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN></FONT><FONT
size=4></FONT> </DIV></DIV>
<DIV align=left><FONT face=Arial><SPAN class=689441113-25042003>The Center
held its third </SPAN>Alumni Reunion Weekend September <SPAN
class=689441113-25042003>29</SPAN>th <SPAN
class=689441113-25042003>to</SPAN> October <SPAN
class=689441113-25042003>1st</SPAN>. <SPAN
class=689441113-25042003>The theme for the weekend was "Real Estate Theory vs.
Practice" . The Center takes seriously MIT's mission to make the
world a better place by pursuing research and activities that can have a real
impact. That seriousness and relevance of purpose was reflected over the
course of the weekend.</SPAN></FONT></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial>We started the
ARW with Robert Bransfield of AMB. Robert talked about AMB and the
strategic need for companies to tie global logistics and distribution with real
estate. What a contrast when Bill Wheaton talked about urban economics and
how industrial development is typically the lowest and "worst" use for
land! Bruce Freedman provided additional support for investing in
industrial assets -- a lower risk, competitive return property type -- when
he described a Real Deal that netted about $100 million over a six year
period. On Friday, the Center hosted Bob Danziger, Founder of
Northland Investment, and Ken Morse, Managing Director of MIT's Entrepreneurship
Center, and they established that entrepreneurship can definitely be
taught. </FONT></SPAN></DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV align=left><SPAN class=689441113-25042003><FONT face=Arial>The State of the
Center report followed the presentations. We webcast the presentation and
we hope you will visit our home page (web.mit.edu/cre) and view it.
The State of the Center not only outlined the accomplishments of the
past year, but provided a blue print for the future. There were
several resounding themes -- all of the themes that introduce these
e-newsletters -- "interdisciplinary, innovative, industry relevant,
international". I would add one more:
interdependent. Partnering with the Institute, the Industry, and with our
Graduates has become increasingly important. </FONT></SPAN></DIV>
<DIV align=left><FONT face=Arial></FONT> </DIV>
<DIV align=left><FONT face=Arial>I encourage you to visit </FONT><A
href="http://cre-mitrex.mit.edu/index.html"><FONT
face=Arial>MITREX</FONT></A><FONT face=Arial> <SPAN
class=689441113-25042003>to</SPAN> view the presentations and <SPAN
class=689441113-25042003>to visit <A
href="http://web.mit.edu/cre/index.html">our</A></SPAN></FONT><A
href="http://web.mit.edu/cre/index.html"><FONT face=Arial> web
site </FONT></A><FONT face=Arial><SPAN class=689441113-25042003>to</SPAN>
take a look at the webcast. </FONT></DIV>
<DIV align=left><FONT face=Arial></FONT> </DIV>
<DIV align=left><FONT face=Arial>If you have not <SPAN
class=689441113-25042003>responded to</SPAN> our Reunion Survey, a
survey <SPAN class=689441113-25042003>we are encouraging all alums to
answer (even those who were unable to attend this year's ARW), do so by
clicking on the following link: <A
href="http://www.zoomerang.com/recipient/survey-intro.zgi?p=WEB224NNQGEPK8">ALUMNI
REUNION SURVEY</A>.</SPAN></FONT></DIV>
<DIV align=left><FONT face=Arial size=4></FONT> </DIV>
<DIV align=left><FONT face=Arial size=3><SPAN
class=689441113-25042003></SPAN></FONT> </DIV></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=4></FONT><FONT size=4></FONT><FONT size=4></FONT><FONT size=4></FONT>
<DIV align=left><FONT face=Arial>
<HR>
</FONT></DIV></SPAN><SPAN class=689441113-25042003><FONT
size=4><STRONG></STRONG></FONT></SPAN>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=4><STRONG></STRONG></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial size=4>SAVE THE
DATES!</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><FONT face=Arial></FONT><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT size=2><FONT
face=Arial></FONT> </DIV></FONT>
<DIV dir=ltr><SPAN class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=4><STRONG><FONT face=Arial>CRE Forum on Issues and Innovations in Real
Estate<BR>(</FONT></STRONG><A
title=http://web.mit.edu/cre/events/events/cre-fire.html
href="http://web.mit.edu/cre/events/events/cre-fire.html"><FONT
face=Arial>http://web.mit.edu/cre/events/events/cre-fire.html</FONT></A><FONT
face=Arial><STRONG>)</STRONG><BR><STRONG></STRONG></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT face=Arial
size=4><STRONG>Munich, Germany<BR></STRONG></FONT></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT size=4><FONT
face=Arial color=#0000ff>October 14, 2005<BR>2:30pm -
5:00pm<BR></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT size=+0><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT color=#0000ff
size=4><FONT size=3><FONT color=#000000><SPAN style="FONT-SIZE: 14pt"><SPAN
style="mso-list: Ignore"><A
href="http://www.kempinski-vierjahreszeiten.de/en/hotel/index.htm?folding=1"><FONT
face=Arial>Hotel Vier Jahreszeiten Kempinski München</FONT></A><BR><FONT
face=Arial>Maximilianstrasse 17<BR>80539 München<BR>Germany</FONT></DIV>
<DIV dir=ltr><FONT face=Arial></FONT> </DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<H4><FONT face=Arial size=4>German REITs: A Transatlantic Real Estate
Investment Concept?</FONT></H4>
<P><STRONG><FONT face=Arial>Co-Sponsor: </FONT><A
href="https://www.tiholdings.com/Pages/new/alt2/index.php"><FONT
face=Arial>Taurus Investment Holdings, LLC</FONT></A></STRONG></P>
<P><FONT face=Arial>As the global demand for real estate investment products
continues to grow, there is <SPAN
class=689441113-25042003>increasing</SPAN> interest in the creation of a REIT
structure in Germany. This forum brings together a group of academic and
industry experts to discuss the status of G-REITs and to address<SPAN
class=689441113-25042003> the</SPAN> challenges and opportunities
associated with this ownership arrangement. </FONT></P>
<H4><STRONG><FONT face=Arial>Panelists</FONT></STRONG></H4>
<UL>
<LI><FONT size=3><FONT face=Arial><STRONG>Prof. Dr. Tony
Ciochetti</STRONG><BR>Chairman, MIT Center for Real Estate </FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Mo Barzegar</STRONG><BR>Chief
Investment Officer, AMB Property Europe B.V. </FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Prof. Dr. Karl-Werner
Schulte</STRONG><BR>Head of Department of Real Estate, European Business
School </FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Dr. Hans
Volckens</STRONG><BR>Partner, Beiten Burkhardt Rechtsanwaltsgesekkschaft
</FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Dr. Heiko Beck</STRONG><BR>General
Counsel, Dekabank Deutsche Gironzentrale </FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Dr. Jürgen
Schäfer</STRONG><BR>Executive Member of the Board, FERI Wealth Management
</FONT></FONT>
<LI><FONT size=3><FONT face=Arial><STRONG>Dr. Herbert
Grebenc</STRONG><BR>Head of Real Estate, BMW AG </FONT></FONT></LI></UL>
<H4><FONT face=Arial size=3></FONT> </H4></BLOCKQUOTE>
<P dir=ltr><FONT face=Arial></FONT></P><FONT size=3></FONT><FONT
size=3></FONT><FONT size=3></FONT><FONT size=3></FONT><FONT size=3></FONT><FONT
size=3></FONT><FONT face=Arial>
<HR>
</FONT>
<P></P>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT size=2></FONT><FONT
size=2></FONT><FONT size=2><FONT face=Arial> </FONT>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
size=4>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
color=#0000ff></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></SPAN><SPAN
class=689441113-25042003><FONT size=4><FONT face=Arial><STRONG>Real Deals --
Fall</STRONG> <STRONG>2005</DIV></DIV></STRONG></FONT></FONT></SPAN>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial size=3>The Real Deals program is returning with an important
change. To encourage alumni/ae participation, the sessions will be held at
the Center in the evenings. Refreshments will be provided. The dates
and projects are listed below:</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial size=4></FONT></SPAN> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4></FONT></SPAN> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>October 19, 2005</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>6pm - 8:30pm<BR>One First Street; Cambridge,
MA<BR>Leggat McCall Properties</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4></FONT></SPAN> </DIV><SPAN
class=689441113-25042003>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT color=#800000><FONT size=4><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT face=Arial><IMG id=_x0000_i1031
height=218 src="cid:689441113@25042003-2A7D"
width=520><o:p></o:p></FONT></SPAN></FONT></FONT></SPAN></P>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial
size=3><SPAN style="FONT-SIZE: 10pt; COLOR: black"><o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><o:p><FONT
face=Arial></FONT></o:p></SPAN></P>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT size=3><SPAN
class=689441113-25042003>The AACRE and the Center for Real Estate cordially
invite you to One First Street, a Real Deal Presentation, on Wednesday, October
19, 2005 at the Center for Real Estate (120 Massachusetts Avenue, 3rd
Floor). </SPAN></FONT></SPAN><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT size=3><SPAN
class=689441113-25042003>The presentation will be provided by John Soininen (CRE
'99), project manager, of Leggat-McCall Properties.
</SPAN></FONT></SPAN></FONT></P>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT size=3><SPAN
class=689441113-25042003><FONT face=Arial>Get the Real Deal behind this
urban condominium development that features a whole city block of new
construction interwoven with historic buildings in East Cambridge. The
presentation will start a 6pm at the Center, and a reception, Q and A, and tours
will be held at 7:30 at the Sales Center and Model (<SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT size=3><SPAN
class=689441113-25042003>One First Street, First and Cambridge Streets; East
Cambridge, MA). </SPAN></FONT></SPAN></FONT></SPAN></FONT></SPAN></P>
<P class=MsoPlainText dir=ltr style="MARGIN-RIGHT: 0px"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="https://alum.mit.edu/smarTrans/user/Register.dyn?eventID=4073&groupID=189"><FONT
size=3><STRONG><FONT face=Arial><SPAN class=689441113-25042003>Click here
to </SPAN>register </FONT></STRONG></FONT></A><FONT size=3><FONT
face=Arial>for this informative session<SPAN class=689441113-25042003>.
</SPAN></FONT></FONT></SPAN><FONT face=Arial><SPAN
class=974471915-06102005><FONT size=3>Price: <STRONG><EM><FONT color=#0000ff>The
Real Deal at the Center is free</FONT></EM></STRONG>. <SPAN
class=689441113-25042003> </SPAN>Prices for the Reception are as follows:
</FONT></SPAN><SPAN class=974471915-06102005><FONT size=3><STRONG>Members $20,
Non-Members $<SPAN class=297273618-07102005>3</SPAN>0, Current Students
$0</STRONG></FONT></SPAN></FONT></P></SPAN>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4></FONT></SPAN> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial size=4>NEXT REAL DEAL:</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>November 16, 2005</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>6pm - 8pm</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>505 Atelier; Boston, MA</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4>The Druker Company</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial color=#0000ff size=4></FONT></SPAN> </DIV><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=2>
<DIV><FONT face=Arial>
<HR>
</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT
face=Arial></FONT> </DIV></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"></X-TAB><FONT size=4><FONT
face=Arial><STRONG>RICS Americas: Upcoming Events in NYC, LA<SPAN
class=689441113-25042003>, </SPAN>Chicago<SPAN class=689441113-25042003>, and
Toronto</SPAN><BR></STRONG> </FONT></FONT><A
href="http://www.rics.org/americas" eudora="autourl"><FONT face=Arial
color=#000000 size=4>http://www.rics.org/americas</FONT></A></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT size=2><FONT
size=4><BR></FONT><BR><FONT size=3><FONT face=Arial><STRONG>New York City -
October 18: Valuation in the New Regulatory
Environment:<BR></STRONG>Sarbanes-Oxley, Market Value Reporting and Other
Perils. <BR>In conjunction with the NY Chapter of Appraisal
Institute<BR> <</FONT></FONT><A
href="http://www.ricsamericas.com/NY10-05.pdf" eudora="autourl"><FONT
face=Arial size=3>http://www.ricsamericas.com/NY10-05.pdf</FONT></A><FONT
face=Arial size=3>></FONT></FONT></DIV><FONT size=2><FONT size=3>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial
size=2></FONT><BR><FONT face=Arial><STRONG>Los Angeles - October 20: Value
Creation - Understanding the Developer's Bottom Line
</STRONG><BR><</FONT></FONT><A
href="http://www.ricsamericas.com/SoCal10-20.pdf" eudora="autourl"><FONT
face=Arial size=3>http://www.ricsamericas.com/SoCal10-20.pdf</FONT></A><FONT
face=Arial size=3>></FONT></DIV><FONT size=3><FONT size=2></FONT>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial
size=2></FONT><BR><FONT face=Arial><STRONG>Chicago - October 26: Value
Creation - Understanding the Developer's Bottom Line
<BR></STRONG><</FONT></FONT><A
href="http://www.ricsamericas.com/Chicago10-05.pdf" eudora="autourl"><FONT
face=Arial size=3>http://www.ricsamericas.com/Chicago10-05.pdf</FONT></A><FONT
face=Arial size=3>></FONT></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial></FONT><FONT
size=3><FONT face=Arial size=2></FONT><BR> </DIV></FONT>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT size=3><FONT
face=Arial><STRONG>Toronto - October 27: 2005 Real Property Perspectives
Lecture: <BR><SPAN class=689441113-25042003></SPAN></STRONG>Is Real
E<SPAN class=689441113-25042003>s</SPAN>tate at the Top of its Valuation
Cycle? An Investment Manager's<SPAN class=689441113-25042003>
</SPAN>Perspective<BR> <</FONT></FONT><A
href="http://www.schulich.yorku.ca/srpaaevents/" eudora="autourl"><FONT
face=Arial size=3>http://www.schulich.yorku.ca/srpaaevents/</FONT></A><FONT
face=Arial size=3>><BR></FONT></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial
size=3></FONT> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial size=3>For more information, contact:</FONT></SPAN></DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><FONT
face=Arial size=3></FONT></SPAN> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT size=3><FONT face=Arial><SPAN
class=689441113-25042003>Ms. </SPAN>Jessica P. Horan<BR>Education Development
Manager<BR>RICS Americas | The Chrysler Building<BR>405 Lexington Avenue,
Suite 2623 | New York, NY 10174<BR>T: (917) 368.8120 | F: (917) 368.8136
| E: jhoran@rics.org |<BR></FONT></FONT></DIV></FONT></BLOCKQUOTE><FONT
face=Arial size=2>
<DIV dir=ltr style="MARGIN-RIGHT: 0px">
<HR>
</DIV></FONT>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial
size=2></FONT> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"></SPAN></SPAN></FONT></FONT><SPAN
style="FONT-SIZE: 14pt"><FONT color=#000000><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=4><STRONG><FONT face=Arial>MIT/CRE OPEN
HOUSE<BR>(</FONT></STRONG><A
href="http://web.mit.edu/cre/events/events/openhouse05.html"><FONT
face=Arial>http://web.mit.edu/cre/events/events/openhouse05.html</FONT></A><FONT
face=Arial><STRONG>)</STRONG><BR></FONT><FONT face=Arial color=#0000ff>October
24, 2005<BR>6:00pm -
8:00pm<BR></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
color=#0000ff><FONT face=Arial size=4>MIT Center for Real Estate, Building
W31, 3rd floor</FONT></DIV>
<DIV>
<P><SPAN class=689441113-25042003></SPAN><FONT face=Arial><FONT
color=#000000><FONT size=3><SPAN class=689441113-25042003>Do you remember
attending an Open House when you were considering applying to the Center?
</SPAN>The <SPAN class=689441113-25042003>Open House </SPAN>includes
presentations by Center faculty, students and alumni<SPAN
class=689441113-25042003>, and t</SPAN><SPAN class=689441113-25042003>he</SPAN>
reception<SPAN class=689441113-25042003> which</SPAN> follow<SPAN
class=689441113-25042003>s</SPAN><SPAN class=689441113-25042003> the program
provides a more informal opportunity for prospective applicants to ask any
questions they may have about the Center</SPAN>. Faculty<SPAN
class=689441113-25042003>,</SPAN> alumni<SPAN class=689441113-25042003>,
and current students are available </SPAN>to <SPAN
class=689441113-25042003>respond to inquiries </SPAN>about
curriculum, <SPAN class=689441113-25042003>student life, </SPAN>admissions,
career development, financial aid, and more.<SPAN
class=689441113-25042003> We encourage alumni/ae to
participate!! You could be the person who makes the difference in a
prospective applicant's decision.</SPAN></FONT></FONT></FONT></P><!-- InstanceEndEditable --><!-- InstanceBeginEditable name="registerhere" -->
<P><FONT size=4><FONT size=3><FONT face=Arial><FONT color=#000000>To RSVP for
this event please<SPAN class=689441113-25042003> e-mail Jennifer Boyles at <A
href="mailto:jboyles@mit.edu">jboyles@mit.edu</A>.</SPAN></FONT><BR></FONT></FONT></FONT></P></DIV></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial></FONT><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT size=4><FONT
color=#0000ff><FONT color=#000000 size=2><FONT face=Arial></FONT> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial>
<HR>
</FONT></DIV></FONT></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=4><FONT color=#0000ff><FONT face=Arial
color=#000000
size=2></FONT></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=4><FONT color=#0000ff><FONT color=#000000
size=2>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><FONT face=Arial><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN
class=204292914-19072004></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
size=4><STRONG></STRONG></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT> </DIV>
<DIV dir=ltr style="MARGIN-RIGHT: 0px"><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=4><STRONG><FONT face=Arial>MIT/CRE ULI FIRE
Event<BR>(</FONT></STRONG><A
href="http://web.mit.edu/cre/events/events/openhouse05.html"><FONT
face=Arial>http://web.mit.edu/cre/events/events/openhouse05.html</FONT></A><FONT
face=Arial><STRONG>)</STRONG><BR></FONT><FONT face=Arial color=#0000ff>November
3, 2005<BR>6:00pm -
8:00pm<BR></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><SPAN
class=689441113-25042003><SPAN class=204292914-19072004><FONT
color=#0000ff><FONT face=Arial size=4>MIT Center for Real Estate, Building
W31, 3rd floor</FONT></DIV>
<DIV>
<P><SPAN class=689441113-25042003></SPAN><FONT color=#000000><FONT face=Arial
size=3><SPAN class=689441113-25042003>The Center for Real Estate has organized a
panel discussion on graduate education as part of the Urban Land Institute's
Fall Meeting in Los Angeles. A number of you are scheduled to attend
the meeting, if you are in the vicinity, we encourage you to come to the
panel. Participants will include academics from MIT, the University of
Wisconsin, the University of Southern California as well as industry
members. The panel will be followed by a reception. It promises to
be a lively discussion.</SPAN></FONT></FONT></P>
<P><FONT face=Arial></FONT><FONT color=#000000><FONT size=3><SPAN
class=689441113-25042003></P><FONT face=Arial>
<HR>
</FONT></SPAN></FONT></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></FONT></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></FONT></SPAN></FONT></SPAN></SPAN></FONT></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=204292914-19072004><FONT size=4></DIV></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV></FONT>
<DIV></SPAN></SPAN></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><FONT size=4><FONT
face=Arial><U><STRONG>Reminders and Notices</STRONG></U> </FONT></FONT></DIV>
<UL>
<LI><SPAN class=689441113-25042003><!--StartFragment --><FONT
face=Arial><STRONG>Support the Center for Real Estate</STRONG> (</FONT><A
href="http://web.mit.edu/cre/giving/index.html"><FONT
face=Arial>http://web.mit.edu/cre/giving/index.html</FONT></A><FONT
face=Arial><STRONG>). </STRONG> The need for funding to support the
"new vision" of the Center is ongoing. Please continue your
support!</FONT></SPAN><FONT face=Arial> </FONT>
<LI><SPAN class=689441113-25042003><FONT face=Arial><FONT
color=#ff0000><EM><STRONG>Center for Real Estate <U>Alumni
Directory</U></STRONG>. </EM></FONT>To request an electronic copy
of the CRE <U>Alumni Directory</U>, e-mail Marion Cunningham at </FONT><A
href="mailto:marionoc@mit.edu"><FONT face=Arial
color=#000000>marionoc@mit.edu</FONT></A><FONT face=Arial>.</FONT></SPAN><FONT
face=Arial> </FONT>
<LI><SPAN class=689441113-25042003><STRONG><FONT face=Arial>Join the Alumni
Association of the CRE, AACRE (</FONT></STRONG><!--StartFragment --><A
href="https://alum.mit.edu/smarTrans/user/PayDues.dyn?groupID=189"><FONT
face=Arial>https://alum.mit.edu/smarTrans/user/PayDues.dyn?groupID=189</FONT></A><FONT
face=Arial><STRONG>)</STRONG>. Thanks to joining the larger MIT Alumni
Association, CRE Alumni can pay their dues on line. Log in using your
Infinite Connection login. Select the dues type you'd like to pay from
the simple, secure, one-page form. Enter your billing and credit card
information, and your dues are paid for this fiscal year (7/1 to 6/30).<SPAN
style="mso-spacerun: yes"> </SPAN>If you would prefer to complete your
membership by mail, go to the CRE alumni web site (</FONT><A
href="http://web.mit.edu/cre/alumni/index.html) and download the membership form"><FONT
face=Arial>http://web.mit.edu/cre/alumni/index.html) and download the
membership form</FONT></A><FONT face=Arial><U>.</U><SPAN
style="mso-spacerun: yes"> </SPAN></FONT></SPAN><FONT face=Arial> </FONT>
<LI><SPAN class=689441113-25042003></SPAN><SPAN
class=689441113-25042003><STRONG><FONT face=Arial>MIT Real Estate Exchange,
MITREX (</FONT></STRONG><A
href="http://cre-mitrex.mit.edu/index.html"><FONT face=Arial
color=#000000>http://cre-mitrex.mit.edu/index.html</FONT></A><FONT
face=Arial><STRONG>). MITREX</STRONG> is a searchable
database that can be used to find documents of specific interest
and alumni/ae and members with expertise or interests in specific
areas.</FONT></SPAN><FONT face=Arial> <SPAN
class=689441113-25042003>Currently, MITREX has 332 members
and 325 items. </SPAN><SPAN class=689441113-25042003>This promises to be
an invaluable tool. </SPAN> </FONT>
<LI><FONT face=Arial><STRONG><SPAN
class=689441113-25042003>MIT/CRE </SPAN>Resume Book</STRONG> (</FONT><A
href="http://web.mit.edu/cre/resumehome.html"><FONT face=Arial
color=#000000>http://web.mit.edu/cre/resumehome.html</FONT></A><FONT
face=Arial>). <SPAN class=689441113-25042003>Take a look,
o</SPAN><SPAN class=689441113-25042003>ur students and graduates are
impressive</SPAN><SPAN class=689441113-25042003>!</SPAN> </FONT>
<LI><STRONG><FONT color=#ff0000><FONT face=Arial><SPAN
class=689441113-25042003><EM>Note New URL!! </EM></SPAN>Job Listings
(</FONT></FONT></STRONG><A href="http://web.mit.edu/cre/jobs/index.html"><FONT
face=Arial color=#ff0000>http://web.mit.edu/cre/job<SPAN
class=689441113-25042003>s/index</SPAN>.html</FONT></A><FONT
face=Arial><STRONG>).</STRONG> Have a job <SPAN
class=689441113-25042003>you want to fill or seeking a new
opportunity</SPAN>? We have the right person<SPAN
class=689441113-25042003> and the right job</SPAN>!
Send your job listings<SPAN class=689441113-25042003> (with contact
information) to <A href="mailto:marionoc@mit.edu"><FONT
color=#000000>marionoc@mit.edu</FONT></A></SPAN> and <SPAN
class=689441113-25042003>they</SPAN> will<SPAN class=689441113-25042003>
be</SPAN> post<SPAN class=689441113-25042003>ed</SPAN><SPAN
class=689441113-25042003>. </SPAN></FONT><SPAN class=689441113-25042003>
<LI><SPAN class=689441113-25042003></SPAN><SPAN class=689441113-25042003><FONT
face=Arial><STRONG>Update Your </STRONG><STRONG>Alumni Contact Information (<A
href="http://web.mit.edu/cre/alumni/update.html">http://web.mit.edu/cre/alumni/update.html</A></STRONG><STRONG>).</STRONG>
We want to stay in touch and keep you informed. To help us do so, please
use this URL to update your contact information. </FONT></SPAN>
<LI><SPAN class=689441113-25042003></SPAN><SPAN class=689441113-25042003><FONT
face=Arial><STRONG>Alumni Network Services
</STRONG><STRONG>(</STRONG></FONT><A
href="http://alum.mit.edu/index.html"><FONT face=Arial
color=#000000>http://alum.mit.edu/index.html</FONT></A><STRONG><FONT
face=Arial>).</FONT></STRONG></SPAN><FONT face=Arial> <SPAN
class=689441113-25042003><STRONG> </STRONG>Visit the MIT Alumni Association's
web site to find addresses and contact information for classmates.
</SPAN></FONT></SPAN>
<LI><STRONG><FONT face=Arial>Alumni Projects (</FONT></STRONG><A
href="http://web.mit.edu/cre/alumni/index.html"><FONT face=Arial
color=#000000>http://web.mit.edu/cre/alumni<SPAN
class=689441113-25042003>/index</SPAN>.html</FONT></A><SPAN
class=689441113-25042003></SPAN><FONT size=4><FONT face=Arial><FONT
size=3><STRONG> </STRONG><SPAN
class=689441113-25042003><STRONG>and</STRONG> <A
href="http://web.mit.edu/cre/alumni/alumprojects.html and http://web.mit.edu/cre/alumni/index.html"
eudora="autourl"><FONT
color=#000000>http://web.mit.edu/cre/alumni/alumprojects.html </FONT></A></SPAN><STRONG>).</STRONG>
Send <SPAN class=689441113-25042003>me (<A
href="mailto:marionoc@mit.edu"><FONT
color=#000000>marionoc@mit.edu</FONT></A>) n</SPAN>otices of your projects,
publications, promotions, and noteworthy events<SPAN class=689441113-25042003>
for posting on the MIT/CRE web site</SPAN>.</FONT> <SPAN
class=689441113-25042003> </SPAN> </FONT></FONT></LI></UL></SPAN></SPAN>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN> </DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT face=Arial size=4>Best
regards,</FONT></SPAN></DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT face=Arial
size=4></FONT></SPAN> </DIV><SPAN
class=689441113-25042003></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003></SPAN></SPAN>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
face=Arial size=4><EM>Marion Cunningham</EM></FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><SPAN class=689441113-25042003><FONT
size=4><EM><BR></EM><FONT face=Arial><SPAN class=689441113-25042003>Managing
</SPAN> Director<BR>MIT/Center for Real Estate<BR>77 Massachusetts
Avenue<BR>W31-310<BR>Cambridge, MA 02139-4307<BR>Phone: (617)
253-2680<BR>Fax: (617)
258-6991<BR></FONT></FONT><A href="http://web.mit.edu/cre/"
eudora="autourl"><FONT face=Arial color=#000000
size=4>http://web.mit.edu/cre/</FONT></A><BR><BR><FONT face=Arial
size=4><I>CRE: Our Graduates Build the
Future</I></FONT></SPAN></DIV></SPAN></SPAN></SPAN>
<DIV><o:p><FONT size=4></FONT></o:p><FONT
face=Arial> </FONT></DIV></BODY></HTML>